]]>29539Hapag-Lloyd, GRI from East Asia to USA & Canadahttp://container-news.com/hl-gri-east-asia-2/
Tue, 14 Aug 2018 12:45:50 +0000http://container-news.com/?p=29530Hapag-Lloyd will implement the following General Rate Increase (GRI) in the eastbound trade from Ea...

]]>Hapag-Lloyd will implement the following General Rate Increase (GRI) in the eastbound trade from East Asia to all USA and Canada destinations as of September 15, 2018 (date of cargo receipt at origin).

This General Rate Increase will apply for all dry, reefer, non-operating reefer, tank, flat rack and open-top containers as follows:

]]>29530Hapag-Lloyd, General Rate Increasehttp://container-news.com/hl-general-rate-increase-2/
Tue, 14 Aug 2018 06:29:44 +0000http://container-news.com/?p=29493We would like to inform you that with effect from September 15, 2018 Hapag-Lloyd will increase rate...

]]>We would like to inform you that with effect from September 15, 2018 Hapag-Lloyd will increase rates for all cargoes and all container types from East Asia to Mexico, West Coast of Central America, West Coast of South America, Caribbean, East Coast Central America, Panama, Mexico Gulf & Progreso by:

]]>29493Hapag-Lloyd, Rate restoration programhttp://container-news.com/hl-rate-restoration-program/
Mon, 13 Aug 2018 13:55:15 +0000http://container-news.com/?p=29462We would like to inform you that with effect from September 1, 2018 Hapag-Lloyd will increase rates...

]]>We would like to inform you that with effect from September 1, 2018 Hapag-Lloyd will increase rates for all cargoes and all container types from East Asia (excluding Japan) to Red Sea ports and Indian Subcontinent by:

]]>29462Hapag-Lloyd, General Rate Restorationhttp://container-news.com/hl-grr/
Mon, 13 Aug 2018 12:55:00 +0000http://container-news.com/?p=29457We would like to inform you that as of August 15, 2018 Hapag-Lloyd will increase rates for all cargo and all...

]]>29457Hapag-Lloyd, port of Parangua omissionhttp://container-news.com/hapag-lloyd-port-parangua-omission/
Fri, 10 Aug 2018 08:40:25 +0000http://container-news.com/?p=29378Due to operational issues MV “Monte Verde” (voyage 081SN) omitted the port of Paranagua. All import bookings on board this vessel with destination Paranagua will be discharged at Santos to be connected on a vessel to be nominated. Update status is available on Hapg-Lloyd local webpage for Brazil. For further information, please contact your local customer service import department: areabrazilimport@hlag.com

Hapag-Lloyd informs about its latest service update in the Hapag-Lloyd Intra-Mediterranean Service Network.

As from week 33 (August 13, 2018) Hapag-Lloyd will further enhance its short sea service network in the Mediterranean by adding a call at Iskenderun, Turkey and replacing Izmir with a call at Aliaga. This service enhancement will further improve the connectivity between Turkey and its global network via the hub ports of Piraeus and Cagliari.

Hapag-Lloyd half year results: EUR 88.7 million EBIT in a challenging market

EUR 425.2 million EBITDA in the first half year 2018 // Slower recovery of freight rates and increasing operational costs // Additional measures implemented for revenue and cost improvements

Hapag-Lloyd has concluded the first half of the year 2018 with earnings before interest, taxes, depreciation and amortisation (EBITDA) of EUR 425.2 million. This is EUR 61.4 million higher compared to the EBITDA of the first six months of 2017 (EUR 363.8 million). The earnings before interest and taxes (EBIT) stood at EUR 88.7 million after six months and therefore close to the level of the first half of the year 2017 (EUR 90.7 million). The group net result amounted to EUR -100.9 million, which is EUR 58.2 million below the 2017 half year result (EUR -42.7 million). These developments are mainly driven by the ongoing intense competition as well as higher operational costs, partly compensated by synergies coming from the business combination with United Arab Shipping Company Ltd (UASC).

„The first half of 2018 was shaped by clearly increasing fuel costs, higher charter rates and a slower than expected recovery of freight rates. In response to that, we have implemented additional measures to recover these costs: we are critically reviewing the economic viability of our ship systems and are further optimising our terminal contracts, to gain additional relief on the cost side,” said Rolf Habben Jansen, Chief Executive Officer of Hapag-Lloyd.

Revenues climbed up to EUR 5.4 billion in the first six months of this year (H1 2017: EUR 4.5 billion) and the reported transport volume increased by 39 percent to 5,848 TTEU (H1 2017: 4,221 TTEU). The reported average freight rate decreased to 1,020 USD/TEU in the first half of the year 2018 (H1 2017: 1,065 USD/TEU). On a pro forma basis and when compared to the combined business of Hapag-Lloyd and UASC in the first half year of 2017, volumes are up 3.9 percent and rates have increased 3.0 percent. Bunker prices increased significantly to USD 385/tonne in the first six months 2018 (H1 2017: USD 312/tonne) and mainly contributed to higher operational costs.

Rolf Habben Jansen: “For the remainder of the year, we see a slow but steadily improving market environment, but we recognise that there are still significant geopolitical uncertainties that could influence the market. This only reinforces the necessity to be able to react quickly when needed – and we therefore will accelerate some of our digitalisation initiatives and finalise our new strategy until the end of this year.”

The reported figures of the first half year 2018 include United Arab Shipping Company Ltd. (UASC) and can therefore only be compared to a limited extent with the figures of the first half year 2017 (including UASC since 24 May 2017).

* UASC Ltd. and its subsidiaries have been incorporated into the consolidated financial statements of Hapag-Lloyd since 24 May 2017, the date of transfer of control. As a result, the presented figures of the first half year 2018 (with UASC) include the effects of the transaction from this time on and can therefore only be compared to a limited extent with the figures of the previous year (mainly without UASC)

]]>29369Hapag-Lloyd, new East Africa Service 2http://container-news.com/hl-east-africa-service-2/
Tue, 07 Aug 2018 09:45:28 +0000http://container-news.com/?p=29230Hapag-Lloyd will further enhance its East Africa product by introducing the new East Africa Service 2 (EAS 2), which will directly link the Arabian Gulf and the West Coast of India with East Africa. Further connection to our global mainliner services will be executed via Jebel Ali. With effect as of end of September, Hapag-Lloyd will ...

Hapag-Lloyd will further enhance its East Africa product by introducing the new East Africa Service 2 (EAS 2), which will directly link the Arabian Gulf and the West Coast of India with East Africa. Further connection to our global mainliner services will be executed via Jebel Ali.

With effect as of end of September, Hapag-Lloyd will enter a co-operation with partners to become a vessel provider in an existing service connecting West Indian and Middle East Gulf ports to Mombasa and Dar es Salaam.

]]>29230Hapag-Lloyd, General Rate Increasehttp://container-news.com/hl-gri/
Tue, 07 Aug 2018 08:45:59 +0000http://container-news.com/?p=29225With effect from September 1, 2018 Hapag-Lloyd will increase rates for all cargoes and all containe...

]]>With effect from September 1, 2018 Hapag-Lloyd will increase rates for all cargoes and all container types from Middle East & India (Via Atlantic) to Mexico, West & East Coast of Central America, West Coast of South America, Caribbean and Panama by: